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Full List of Auto Insurance Companies in California



When people
go through the list of auto insurance companies we’ve written about in the past
and their average cost of car insurance, they can’t help but wonder why auto insurance
in California is so expensive. 

While we can’t say there’s an exhaustive answer to that but one thing we know is that there are more Blue-chip companies in California than other parts of the U.S.Low cost auto insurance company you can find in California.

Currently we have more 50 auto insurance companies based in California. This has made it extremely cumbersome for people to know which insurance company to buy coverage from.

But you know, what? In this article, we are not only
going to list out the various auto insurance companies in California, we will
go a step further to give you a comprehensive list of the cheapest auto
insurance companies and their rundown in terms of market share.

Amongst many factors that made these auto insurance companies distinct is that each company offer very unique benefits and
services.

While most people
are familiar with Allstate, Geico, Progressive and State Farm Insurance, there
are many other top auto insurance companies in California many drivers probably
may not have heard nor
worked with.

Comprehensive List of Auto Insurance Companies in California

1. Interinsurance Exchange of the Automobile Club and AAA Northern

Interinsurance
Exchange of the Automobile Club and AAA Northern are two companies that combine
to service AAA members in California.

Interinsurance
Exchange of the Automobile Club serves AAA members in Southern California,
while the AAA Northern services AAA members in Northern California, hence the
name.

These two auto
insurance companies are considered to be the second- and third-largest auto
insurers in California.
Coming together, they combined to form the largest California auto insurer, with
a market share of 15.73%.

Interinsurance
Exchange of the Automobile Club and AAA Northern offer California residents
cheaper insurance than the larger insurance companies. However, to purchase
insurance through AAA, a person’s license can’t be less than three years old,
and you cannot have a speeding ticket or an at-fault accident in the past three
years. That makes it stricter to get in, right?

2. State Farm Insurance

State Farm Insurance
is the considered to be the second largest auto insurance company in California. State Farm Insurance takes a market share of 14.4%
in California.

Beyond the basic
insurance coverage, State Farm also offers classic car insurance and antique
coverage quotes through their agents.

According popular
record, State Farm is known to be one of the California-based insurance company
with a very low complaint ratio and is large enough to provide insurance options
to fit almost any driver’s needs.

3. Allstate Insurance

Allstate Insurance is the third-largest auto insurance company in California, with a market share of 6.7%. Allstate insurance affiliate program has made a lot of insurance agents and bloggers rich.

While the company
offers a range of policies, Your Choice Auto is the most popular policy that
Allstate issues. In addition, the company offers special insurance for
expensive and luxury cars, such as Ferraris.

4. Mercury Insurance Group

Mercury Insurance
Group is the fourth-largest California auto insurance company, with a market
share of 6.5%.

Mercury Insurance Group
is known for selling reasonably priced auto insurance. One more thing that sets
them apart from other insurance companies based in California is their great
customer service. This is evident in their track record of very few justified
complaints.

Mercury’s justified
complaint ratio is the lowest among California auto insurance companies, making
it the best California auto insurance company in terms of customer service.
Using this strategy, their agents have continued to legally steal clients from
their competitors
.

5. Mid-Century Insurance Company

Mid-Century
Insurance Company is a subsidiary of the Farmers Insurance Exchange.
With a market share of 5.7%, Mid-Century is the fifth-largest auto insurance
company in California. However, the company operates as a non-standard high-risk insurance
company. Mid-Century specializes in insuring people who have more than one
at-fault accident or too many speeding tickets.

While Mid-Century
Insurance might be a good option for people who qualify for high-risk
insurance, its premiums are fairly high. However, with a safe driving
discount of up to 9% and a good driver discount of as much as 20%, even drivers
who are looking for standard insurance should consider Mid-Century.

6. 21st Century Insurance Company

21st Century
Insurance Company is a wholly owned subsidiary of Farmers 21st Century
Insurance Company. The company specializes in insuring luxury cars, such as Ferraris
and Jaguars, and it has a 3% market share within California.

The company offers a
superior driver discount of as much as 10% if a driver is accident-free for
four years. If a driver is accident-free for more than five years, that
superior driver discount increases to 20%. However, the average insurance
premium is slightly high when compared to other companies in California.

7. Access Insurance Company

Access Insurance Company is a popularly known
specialty auto insurance company with a market share of about 2% in the state
of California. Access Insurance Group are known for offering cheap auto
insurance for basic cars as well as comparatively cheap auto insurance for more
expensive cars, such as BMWs.

Who Are the Cheapest Auto Insurance Companies?

Let’s look
an exhaustive list of the cheapest, low cost car insurance companies you can
find in the United States.

Starting
from the demographic profiles of an 18-year-old teenager to a 60-year old
woman, USAA offer auto insurance coverage for everyone. It is considered to be the cheapest car insurance company with the lowest average national
rates of $2,537.

  • Geico Insurance

This is considered to be the second cheapest auto insurance company you can find in USA. Geico has an average annual rate of $3,215. If you have just one accident record, purchasing Geico insurance coverage will be a life saver for you. It is a unique way to save on your auto insurance coverage.

  • State Farm

This Illinois-based
insurance company is believed to be the third-cheapest car insurance
company, with national average rates of $3,260. If you are an insurance agent looking for a reliable company you can
recommend to your clients, we encourage you think about State Farm. With a
18.3% market share (the largest so far) they have proven to be a reliable firm
over the years.

  • American Family Insurance

This briefly
nicknamed, AmFam is a Wisconsin based auto insurance company that started in
1927. Statistics had it that there were about 11,307 employees working with AmFam
in 2017. American Family Insurance has the fourth cheapest national average car insurance rates of $3,443
per year.

  • Allstate Auto Insurance

In the past, we wrote about how to use Allstate calculate auto loan calculator to know which vehicle is within your means. Based on our finding, we discovered that Allstate Insurance with a market share of 10% has an average car insurance rate as high as $4,887 per year. They pay their agents and insurance bloggers a whopping sum of $8 per lead if you work with then an affiliate.

Full List of the Largest Auto Insurance Companies in the U.S. Based on
Market Share

  • State Farm, 18.3%
  • Berkshire Hathaway, Inc. (Geico), 11.4%
  • Allstate, 10%
  • Progressive, 8.8%
  • Farmers Insurance, 5.3%
  • USAA Insurance, 5%
  • Liberty Mutual, 5%
  • Nationwide, 3.7%
  • American Family, 1.9%
  • Travelers, 1.7%

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